Chris Dodd: PE’s New Best Friend

By

Jennifer Rossa

Nov 10, 2009 5:09 pm ET

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Chris Dodd

At first blush, the version of financial reform legislation unveiled in the Senate today by Senate Banking Committee Chairman Chris Dodd (D-Conn.) looks friendlier to private equity than does a similar bill that recently made it out of the House Financial Services Committee.

The Senate bill includes much of the same “Private Fund Investment Advisers Registration Act” language that the House committee recently sent to the floor, but it looks like only hedge funds would be required to register as investment advisers with the Securities and Exchange Commission.

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